Tuesday, June 19, 2007

Funds Renaissance, Millennium settle trade dispute

(Reuters) - Renaissance, a $30 billion hedge fund manager which makes
extensive use of proprietary quantitative methodologies, said
it is continuing litigation against Volfbeyn and Belopolsky,
but settled with Millennium.




Millennium, which denied wrongdoing, agreed to pay an
undisclosed financial settlement to Renaissance and terminate
Volfbeyn and Belopolsky, according to a press release.


Read more at Reuters.com Mergers News

No comments: